The latest surge has caused a lot of bearish pressure in the market, making Bitcoin’s price to plummet straight to $7500. As a result of this, Bitcoin saw a cut of about $680 its daily opening price, now trading at around $7660. We can expect the scenario to get uglier as $7300 is on sight. […]
Since Tuesday, Bitcoin has held support at $8000 with a lot of bearish bias which is still dominant in the market. In fact, it’s not certain whether BTC would hold above $8000 if the bearish pressure continues. Notwithstanding, a strong bullish pressure could help the market to recover back on the current support. Otherwise, the […]
Bitcoin has found temporal support around $8000 over the last 24-hours, giving traders a little relief of the bearish pressure over the past few days. What BTC is likely to display now is a corrective gain before resuming bearish bias. Of course, it may lead to a reversal if Bitcoin can reclaim important resistances. If […]
Bitcoin is now priced at around $8140, following the last 24 days of bearishness which has made the BTC price to reach a weekly low of $8000. However, the bears are still present as more selling could be underway for this market if the $8000 support breaks. Currently, Bitcoin is down by 2.91% and at […]
Yesterday, Bitcoin saw another major price shift to $8100 on the downside. The bearish reactions brought BTC price to the bottom of the descending channel on the hourly chart, although there’s still a small room for a sell-off to $8000. Bitcoin is currently down by 4% as further sell might become uglier if $8000 price […]
Yesterday, Bitcoin traded around the $8600 resistance before closing at $8578 on the day. Today, BTC short opening has made the price to drop as low as $8420 on Bitfinex, amounting to a current loss of 1.60% on the market cap. The entire crypto market is now holding an approximately $232 billion with BTC dominance […]
Bitcoin has extended its bearishness to a new week, although the market has been stable since the price fell to $8400 during last week trading. Currently, Bitcoin is leaning on the $8400 support. If this support can hold well, we should expect a positive move in the coming days. As of now, BTC is consolidating […]
The Chief of the Criminal Investigation Department of the United States Internal Revenue Service, John Fort mentioned, in an interview with Bloomberg Law which held on the 15th of November, that the agency has started monitoring possible taxing problems from Bitcoin ATMs and kiosks. The executive told Bloomberg that the IRS is working together with […]
Trading volatility has been shrinking for a while now as a result of recent capitulation in the crypto market, which appeared to have made the value of Bitcoin to depreciate by the day. Recording a daily low of $8400, Bitcoin is struggling around the $8500 at the moment. Meanwhile, the market scenario is causing a […]
